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MNA

GradeBNew York Stock Exchange Arca

NYLI Merger Arbitrage ETF

Multi-Asset & Alternatives · NY Life Investments · Inception 2009-11-17 · SEC filings

$36.90−0.01 (−0.02%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 50 prints from 36.90 to 36.90. Range 36.81 to 36.95. Use the arrow keys to read each point.$36.80$36.85$36.9510 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$251M
1Y return
+2.9%
Yield · Last 12 months
0.00%
Holdings
68
Volume · 30D
0M sh
NAV per share
$36.89
52W range
low $35.49high $37.19

The ETF.net MNA Grade

B

62/ 100

Rank 1 of 5 in Merger Arbitrage⁠

Confidence Medium

Six-pillar profile for MNA. Scores out of 100: Cost 65, Risk 50, Mission not scored, Tradability 50, Holdings 83, Durability 76. Strongest: Holdings (83). Weakest: Tradability (50). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 65
    Category rank2/5 · top 40%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 50
    Category rank3/4 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 50
    Category rank3/5 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 83
    Category rank1/4 · top 25%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 76
    Category rank1/5 · top 20%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

MNA Holdings

As of Sep 22, 2026, 10:00 PM
Asset class
Other
Holdings
68
Top-10 weight
32%
Largest holding
TECK-B.TO5.6%

Sectors

  • Industrials18.8%
  • Financials15.2%
  • Health Care12.0%
  • Materials11.4%
  • Utilities9.4%
  • Communication9.0%
  • Consumer Discr.6.1%
  • Technology5.6%
  • Real Estate4.4%
  • Cons. Staples4.3%
  • Energy3.8%

Geography

  • United States67.70%
  • United Kingdom12.54%
  • Canada7.87%
  • Luxembourg2.54%
  • Israel2.54%
  • Italy2.49%
  • Japan1.25%
  • Norway1.16%
  • Other countries (3)1.91%

Developed 92% · Emerging 8% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TECK-B.TOTeck Resources Limited Class B5.62%223,139$15M63
002WBDWarner Bros. Discovery, Inc. Series A3.64%313,191$10M277
003DDominion Energy Inc3.19%134,645$8M277
004CZRCaesars Entertainment, Inc.3.08%275,139$8M107
005EQHEquitable Holdings, Inc.3.07%151,362$8M141
006KVUEKenvue, Inc.2.77%415,602$7M261
007OGNOrganon & Co.2.71%524,430$7M128
008SDR.LSchroders PLC2.57%868,044$7M90
009GSATGlobalstar, Inc.2.55%81,553$7M92
010ROKURoku, Inc. Class A2.49%42,866$7M158
011ZIMZIM Integrated Shipping Services Ltd.2.48%216,104$7M48
012INPST.ASInPost S.A.2.48%368,399$7M70
013REC.MIRecordati S.p.A.2.43%106,458$6M86
014TECHBio-Techne Corporation2.29%83,871$6M184
015LNTHLantheus Holdings Inc2.27%59,935$6M142

Showing 1–15 of 84 holdings

MNA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MNA$10,293
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MNA $10,293. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MNA. Periods over one year show the average yearly return.
PeriodMNA
Year to date+3.1%
1 month+0.1%
3 months+1.3%
1 year+2.9%
3 years+5.7%per year
5 years+2.5%per year
10 years+2.8%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MNA
YearReturn barMNA
2026 YTD+3.1%
2025+8.6%
2024+4.9%
2023+0.2%
2022−1.6%
2021−3.2%
2020+2.7%

MNA in the news

MNA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2023

One bar per payment. 4 payments from 2014 to 2023. Dec 29, 2015 $0.25; Dec 28, 2016 $0.06; Dec 30, 2020 $0.77; Dec 28, 2023 $0.38. Use the arrow keys to read each point.2014201520162017201820192020202120222023
Ex-datePay dateAmount per share
Dec 28, 2023Jan 5, 2024$0.38
Dec 30, 2020Jan 7, 2021$0.77
Dec 28, 2016Jan 4, 2017$0.06
Dec 29, 2015Jan 5, 2016$0.25
Dec 27, 2013Jan 3, 2014$0.26
Dec 27, 2012Jan 4, 2013$0.05
Dec 23, 2010Dec 30, 2010Data unavailable
Dec 23, 2009Dec 30, 2009Data unavailable

MNA Risk

How much the fund’s monthly returns vary, scaled to a year.
2.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.36
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.8%
Trough Jun 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MNA Cost

Expense ratio0.75%
  • The middle half of Merger Arbitrage funds
  • Median 0.76%

No Merger Arbitrage fund charges less.

MNA costs $75.00 a year on $10,000. The median Merger Arbitrage fund costs $76.00.